The Future of Large, Internationally Active Banks: 55 (World Scientific Studies in International Economics) - Hardcover

Asli Demirgüç-Kunt; Douglas D Evanoff; George G Kaufman

Hardcover

ISBN 10: 9813141387 ISBN 13: 9789813141384

Publisher: World Scientific Publishing Company, 2016

Synopsis

The Great Financial Crisis of 2007–2010 has had a major impact on large cross-border banks, which are widely blamed for the start and severity of the crisis. As a result, much public policy, both in the United States and elsewhere, has been directed at making these banks safer and less influential by reducing their size and permissible powers through increased government regulation.

At the Federal Reserve Bank of Chicago's 18th annual International Banking Conference, held in November 2015, the status of these large cross-border banks was critically evaluated. In collaboration with the World Bank, the conference held discussions on the current regulatory landscape for large and internationally active financial institutions; the impact of regulation on bank permissible activities and international trade; improvements in risk management; necessary repairs to the bank safety net; the resolution of insolvent banks operating across national borders; corporate governance for banks in the new environment; implications for market and government discipline; and, progress in achieving international cooperation.

Contributors include international policymakers, practitioners, researchers, and academics from more than 30 countries. The papers from the conference are collected in this volume.

About this title

About the Author

Asli Demirguc-Kunt is Director of Development Policy in the World Bank's Development Economics Vice Presidency and Chief Economist of the Financial and Private Sector Development Network (FPD). She is the coeditor of "Financial Structures and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development" (MIT Press, 2001).

George G. Kaufman is John F. Smith, Jr. Professor of Economics and Finance at Loyola University in Chicago and a consultant at the Federal Reserve Bank of Chicago.

Edition details

• Publisher: World Scientific Publishing Company
• Publication date: 2016
• Language: English
• ISBN 10: 9813141387
• ISBN 13: 9789813141384
• Binding: Hardcover
• Number of pages: 496